Low-income definition

Low-income means the adjusted income for a Family which does not exceed 80 percent of the area median income.

Low-income means income equal to or less than 51 percent of the area median (adjusted by household size). “Moderate income” means income equal to or less than 80 percent of the area median (adjusted by household size). Applicable income limits are determined by HUD on an annual basis for all Oregon counties and metropolitan statistical areas.

Low-income means, with respect to any Tenant, an income level not exceeding 50% or 60% of Area Median Gross Income, as provided in Section 4b hereof, or such alternative income level as may be set forth in Appendix A.

Examples of Low-income in a sentence

• Landlord hereby consents to all subleases of individual residential rental units and commercial space constructed on the Property, provided (with respect only to the residential units) that the subtenant is an "Low Income Household" as defined in Section 6.2 of this Lease and the sublease is consistent with the rent and income restrictions set forth therein.

• From the date of the recording of this Lease and thereafter, for the remaining Term of this Lease, Tenant by and for itself and any successors in interest, hereby covenants and agrees that all dwelling units within the Project (except a designated on-site manager's unit) shall be rented to Low Income Households at a rent that does not exceed the Affordable Rent for the applicable dwelling unit based on number of bedrooms.

• The Tenant further covenants, and the property management agreement shall require, that the Project shall be operated and Low Income Households shall be qualified and selected for tenancy in strict compliance with “Leasing Guidelines” for the Project to be prepared by the Tenant (or Property Management Company) and approved by the City.

More Definitions of Low-income

Low-income means a household income that is less than or equal to 60% of the AMI for the area in which a Project is located.

Low-income means any person or persons whose actual individual or family income is not more than 125 percent of the poverty guidelines issued annually by the Department of Health and Human Services (DHHS) in accordance with Section 507(2) of the Older Americans Act.

Low-income means income that does not exceed eighty percent of the median income for the standard metropolitan statistical area in which the private market rental unit is located; and

Low-income means families whose annual incomes do not exceed 80 percent of the median income for the area, as determined by HUD. An individual does not qualify as a low-income family if the individual is enrolled as a student at an institution of higher education; is under 24 years of age; is not a veteran of the United States military; is unmarried; does not have a dependent child; and is not otherwise individually low-income or does not have parents who qualify as low-income.

Low-income. (SIP) means any person or persons whose actual individual or family income is not more than 125 percent of the poverty guidelines issued annually by the U.S. Department of Labor in accordance with Section 507(2) of the Older Americans Act.

Low-income means 50 percent or less of the median gross

Low-income means household incomes as defined by the